Bitcoin BTC ETFs Bleed 26M Biggest Outflow Since Sept 3 - Coin Index News

Bitcoin (BTC) ETFs Bleed $242.6M, Biggest Outflow Since Sept. 3

Carmen Brooke Martin October 2, 2024

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Bitcoin fell to a low of $60,300, erasing almost all of its gains since the U.S. Federal Reserve’s interest-rate cut last month, signaling an inauspicious start to “Uptober,” the community’s affectionate name for the calendar month that has historically seen the highest gains for BTC. The largest cryptocurrency has lost 2.6% since the start of the month, CoinDesk Indices data show.

Carmen Brooke Martin

Finance Analyst Hello, my name is Carmen Brooke Martin and I am an expert finance journalist with a master's degree from New York University in Business and Economics. I'm passionate about helping startups spread the word, discover and promote great projects in the crypto and fintech industry.What I am working on is to provide basic cryptocurrency education and benefits to the crypto community through video tutorials and written content.As a business developer, I help crypto projects structure and create a whitepaper that can stir investors' interest, advice on marketing strategies and promotions.